Executive Leadership

Philip Rieck

Philip Rieck


Philip Rieck is the Senior Vice President and Chief Technology Officer at LTi and is responsible for leading product development and information technology, as well as defining LTi’s technical strategy and vision. He has spent the majority of his career in the equipment finance industry, gaining experiences in areas such as software development, product management, and cross-functional delivery of software.  Immediately prior to joining LTi, Philip was a Principle at Sogeti, and head of their finance technology practice in the Midwest. While Senior Vice President and Chief Technology Officer is his primary job function by day, Philip also enjoys mentoring First Lego League teams and astrophotography with his son.

Philip has presented at a number of different technical conferences, including Heartland Developer’s Conference, Infotec, Microsoft’s Professional Developers Conference, and multiple regional developer groups.

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Equipment Leasing News at a Glance

Digital Transformation For Equipment Finance Matters

What is Digital Transformation and why does it matter? Digital transformation is the customer-centric reimagination of the future of digital technology into all areas of business. The transformation has brought many benefits to the equipment finance industry and has created a shift in the prevailing thinking and culture regarding adopting technology.

In the new reality of the post- COVID-19 economy, digital transformation has gone from a priority to absolutely critical for companies. Prior to COVID-19, companies took time with a slow and steady approach. However, the lessons learned by the disruption caused by the pandemic, has replaced the slow approach with need to accelerate digital transformation. It is now an imperative that companies begin driving a digital culture into their organization.

Equipment Leasing News at a Glance

2023 & Beyond: Digital Tech Trends In The Equipment Finance Industry

The key trends in equipment finance technology to look for in 2023 and beyond to look for:

Automation: Streamlining processes and providing faster, more accurate decision-making.
Digital Platforms: Transforming interactions with customers by enabling customers to apply for financing, manage accounts and access information and services online.
Internet of Things (IoT): Providing data on performance and usage to improve maintenance schedules, predict equipment replacement timeframes, and identify opportunities for cost savings.
Block-Chain Tech: Providing greater transparency and security enabling companies to create secure records of equipment ownership and transactions, reducing risk for fraud and errors.